Ultra-Wealthy Shift Capital to Oil & Gas as Energy Crisis Deepens

A record 3,795 billionaires with combined wealth of $15.1 trillion are increasingly allocating to oil and gas assets, driven by the ongoing energy crisis and attractive returns. This marks a notable pivot from prior ESG-driven divestment trends among high-net-worth investors. The shift signals sustained capital inflows into fossil fuels, potentially reinforcing supply and price dynamics.